Chi Zhang, CEO of Kite AI, criticizes both the European Union (EU)’s and US’ approaches to regulating artificial intelligence (AI). David Sacks’ Appointment Boosts AI, Crypto Chi Zhang, COO at Kite AI, believes the EU’s law on AI, while enacted with good intentions, could “impose burdensome compliance on smaller innovators.” Conversely, the United States “more […]
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $ 25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $ 7.39 million in inflows during the day’s trading session. Bitcoin ETFs Rebound With $ 25.59M Inflows, Ether Funds Add $ 7.39M Both bitcoin …
Bitcoin is entering a period of traditionally positive performance, according to the latest analysis from Cryptoquant and its researchers. However, for bitcoin to reach new highs, increasing demand will be crucial as current levels remain stagnant. ‘Demand Has a Lot of Room to Grow’ Cryptoquant‘s latest report highlights bitcoin’s strong historical performance during the fourth […]
With two days remaining in September, bitcoin’s monthly gain stands at 11.11%, setting the stage for the widely anticipated ‘Uptober.’ Historically, October has been a strong month for bitcoin, delivering positive returns 81.82% of the time since 2013. ‘Uptober’ on the Horizon: Bitcoin Looks to Buck September’s Bearish History As of Saturday, Sept. 28, 2024, […]
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially after weaker July jobs data. Investors are advised to wait […]